Paris Interbank Offer Rate

0.01 sec.

Paris Interbank Offer Rate (PIBOR)

The deposit rate on interbank transactions in the Eurocurrency market quoted in Paris.

The average interest rate participating French banks offer each other for unsecured loans. While not as prominent as LIBOR or EURIBOR, it serves as a benchmark for some euro-denominated forward rate agreements and interest rate swaps. Interest rate futures and options based on PIBOR are traded on Euronext Paris. See also: Frankfurt Interbank Offer Rate.

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